US President Donald Trump stated in a Fox News interview that US tariffs on Indian goods caused a "rift" with India and admitted that the Russia-Ukraine conflict, which he had expected to be the easiest to resolve, remains unresolved.
Home textile manufacturers are bracing for a 5-10 per cent decline in revenue, apart from reduction in operating profitability, as the 50 per cent tariffs imposed by the US came into effect on August 27, Crisil Ratings said in a report.
Former United States National Security Advisor John Bolton has said that India's decision to stay largely silent and rely on back-channel diplomacy on US tariffs was the "best way to deal" with US President Donald Trump, cautioning that engaging in public confrontations would not make matter
"There's a tariff war going on between India and America. I hope both countries work friendly to bring this issue down. Both America and India need each other as both countries are top democratic countries and look for a democratic way to sort out how to work together," Gilzian told ANI.
"On defence, there is no spillover effect from the trade tension, that you mentioned. I think those trade tensions are also easing now and we have resumed our negotiations with them. Hopefully, it will be successful. Our defence collaboration and talks have continued even during that peri
Jaipur (Rajasthan) [India], September 11: In a small village in Uttar Pradesh, I once sat beside a weaver named Shanti. Her fingers moved with a rhythm so natural it felt like music - tying knots on a loom that had been in her family for generations. The rug she was working on, filled with t
The goods and services tax (GST) reforms will be credit positive for Indian companies as it will boost consumption and reduce risks of US tariffs, noted global rating agency Fitch in its latest report.
The United States' tariff action on Indian exports may not significantly impact the current financial year, but prolonged duties could affect investment sentiment, Chief Economic Advisor (CEA) to the Government of India, V Anantha Nageshwaran said on Wednesday.
Leading geopolitical expert David Goldwyn has backed India's firm stance against US President Donald Trump's imposition of steep tariffs, asserting that New Delhi is "right to continue to exercise its sovereignty."
In a post on his social media platform, Truth Social, Trump wrote, "I am pleased to announce that India and the United States of America are continuing negotiations to address the Trade Barriers between our two Nations. I look forward to speaking with my very good friend, Prime Minister M
The textile industry in India urgently requires an incentive cushion as the recently imposed 50 per cent tariffs by the United States are too steep for exporters to absorb, according to a recent report by Emkay Research.